Funding you earn now, next payment 08:00 UTC−0.0431%/8h= −47.2% APRnext payment −$2.15 per $10,000 · paid last 24h −0.056%
Price spread now: Bitget against OKX+0.067%7-day average −0.143% · you sell dearer than you buy
Net, funding: paid 7d − costs−$119as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$1091.087% of the position
Funding, last 7 days−0.099%−$10 on $10k
+Price spread, last 7 days−0.149%−$15 · spread now +0.067%, 7d avg −0.143%
=The price spread pays, funding is against you. Bitget is 0.211% dearer against OKX than usual: you sell high and buy low (spread +0.067% now, against its 7-day average of −0.143%): +$21 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 39 hours. At the pace of the last 7 days (−0.099% in total) that is about 15 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.099% in total (about -5.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.15 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX EDGE-USDT-SWAP | 0.5936 | 0.0531 | pay 0.0265% / 4h | 3h 50m | $3.7M | $5.8M | 20x |
| Short | Bitget EDGEUSDT | 0.5940 | 0.0100 | get 0.0050% / 4h | 3h 50m | $4.7M | $1.1M | 20x |
OKX EDGE-USDT-SWAP
Bitget EDGEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against OKX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$90.49
- Price spread: +0.067% → −0.143%
- $21.06
- Slippage, 4 orders
- −$86.73
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$178.17
- Costs to cover
- 1.087%
- Break-even
- never at this rate
Slippage from OKX: live order book, 2 min ago; Bitget: live order book, 2 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy OKX live order book, 2 min ago | 3.36 bp | 24.2 bp −$24 | 145.6 bp −$1,456 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 6.72 bp | 24.7 bp −$25 | 240.4 bp −$2,404 | doesn't fit | doesn't fit |
EDGE on 17 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter EDGE | +0.0096% | 1h | 0.5929 | −0.111% | $43K | $19K | 3x | as long as short |
| Bybit EDGEUSDT | +0.0100% | 4h | 0.5925 | −0.185% | $7.1M | $3.3M | 25x | as long as short |
| KuCoin EDGEUSDTM | +0.0100% | 4h | 0.5941 | +0.084% | $2.1M | $2.2M | 50x | as long as short |
| Bitget EDGEUSDTshort | +0.0100% | 4h | 0.5940 | +0.067% | $4.7M | $1.1M | 20x | |
| Backpack EDGE_USDC_PERP | +0.0100% | 1h | 0.5937 | +0.019% | $58K | $110K | 3.3x | as long as short |
| Variational Omni EDGE | +0.0100% | 4h | 0.5928 | −0.127% | $188K | $136K | — | as long as short |
| GRVT EDGE_USDT_Perp | +0.0100% | 4h | 0.5964 | +0.478% | $12K | $2.5M | 10x | as long as short |
| ApeX Omni EDGEUSDT | +0.0100% | 1h | 0.5968 | +0.539% | $9K | $305K | 50x | as long as short |
| SunX EDGE-USDT | +0.0100% | 4h | 0.6199 | +4.431% | $4K | $625K | 10x | as long as short |
| BloFin EDGE-USDT | +0.0449% | 4h | 0.5940 | +0.067% | $656K | $102K | 50x | as long as short |
Lighter EDGE
Bybit EDGEUSDT
KuCoin EDGEUSDTM
Backpack EDGE_USDC_PERP
Variational Omni EDGE
GRVT EDGE_USDT_Perp
ApeX Omni EDGEUSDT
SunX EDGE-USDT
BloFin EDGE-USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster EDGEUSDT | +0.0449% | 4h | 0.5942 | +0.105% | $58K | $152K | 5x | as long as short |
| Binance EDGEUSDT | +0.0468% | 4h | 0.5937 | +0.015% | $10.2M | $10.5M | 50x | as long as short |
| MEXC EDGE_USDT | +0.0478% | 4h | 0.5933 | −0.051% | $1.1M | $863K | 50x | as long as short |
| Extended EDGE-USD | +0.0480% | 1h | 0.5923 | −0.213% | $27K | $198K | 5x | as long as short |
| edgeX EDGEUSDC | +0.0497% | 4h | 0.5968 | +0.535% | $14.3M | $3.6M | 30x | as long as short |
| OKX EDGE-USDT-SWAPlong | +0.0531% | 4h | 0.5936 | long leg | $3.7M | $5.8M | 20x | |
| Orderly PERP_EDGE_USDC | +0.0567% | 4h | 0.5941 | +0.084% | $3K | $359 | 10x | as long as short |
Aster EDGEUSDT
Binance EDGEUSDT
MEXC EDGE_USDT
Extended EDGE-USD
edgeX EDGEUSDC
Orderly PERP_EDGE_USDC